Sensex sheds 867pts, Nifty 272pts; IT, financials crack; ITC bucks trend

The Midcap and Smallcap indices declined over 2 per cent each; The breadth too favoured the bears in 3:1 ratio.

2:55 PM

US stock futures continue to reel under pressure; Dow leads losses

source: finance.yahoo.com

2:54 PM

Sensex heatmap: Only 5 out of 30 stocks in green

2:45 PM

Canara Bank standalone net profit jumps 65% in Q4 to reach Rs 1,666 crore

The Bengaluru-based bank registered a 65 per cent jump in its Q4 standalone net profit. READ MORE HERE

2:37 PM

Zomato, Policybazaar, Info Edge down up to 9%; hit 52-week lows

Zomato (down 6 per cent to Rs 57.65) and Policybazaar (down 5 per cent to Rs 597.20) have their respective all-time lows since their stock market debut. READ MORE HERE

2:27 PM

Nifty Energy defies market mood; NTPC, Power Grid near 52-week high

2:19 PM

MARKET CHECK: Sensex off day's lows; down 700 points

 

2:07 PM

Rupee hits all-time low of 76.97 to the dollar before slight recovery

The rupee hit an all time low against the dollar after the currency fell to 76.97 levels during afternoon trades before rebounding to 76.85 due to suspected intervention by the central bank.Read more

1:58 PM

European markets tumble tracking downbeat global sentiment

source: finance.yahoo.com

1:48 PM

Mahindra Auto may be divided into three separate units, says report

Mahindra Group is also seeking funds for the EV unit and will club it with Italian design house Automobili Pininfarina to form a separate company, according to the report. Read more

1:38 PM

US Markets: Dow, Nasdaq, S&P futures down up to 0.7%

Source: Investing.com

1:29 PM

Angel One extends fall, stock drops 32% in 4 days

Shares of Angel One slipped 15 per cent to Rs 1,336 on the BSE in Friday’s intra-day trade. The stock plummeted 21 per cent in the past two trading days after the company updated its key business parameters for the month of April 2022. READ MORE

1:19 PM

BSE 500:: Top weekly losers so far

Angel One has tumbled 28 per cent, Solara Active has plunged 24 per cent so far this week. Zomata, Brightcom and Info Edge were the other major losers.

1:09 PM

75% of Nifty50 stocks trade below 200-DMA; look weak on the charts

Tech Mahindra and Wipro have tumbled over 30 per cent, while Apollo Hospitals Enterprise and Dr. Reddy's Laboratories have plummeted 22 per cent so far in calendar year 2022 (CY22). READ MORE

1:09 PM

Bond market update :: Yields on 10-yr G-Sec remain above 7%-mark for third day

1:01 PM

LIC IPO :: Steady swing to high margin could be growth drivers

The valuation of the IPO is attractive to keep the issue stable. The EV (Embeded Value) seems to be in favour of LIC compared to the existing listing players on the insurance space. Life insurance has been one of the fastest growing segments in India’s insurance market and we advise people to invest in India's largest and World’s third strongest brand Life Insurance Corporation (LIC).

 

For those investors who are worried that LIC may lose market share to private players, we think LIC has distribution advantage, increasing sales mix of direct and corporate channels, and steady swing to high margin that could be growth drivers for LIC going ahead. We recommend subscribe to the investor.

Views by: Girirajan Murugan, CEO, FundsIndia